Crowdfunding…don’t forget the Taxman!

By |2018-08-23T11:26:27+08:00March 26th, 2018|Categories: Article|Tags: , , , |

I’d like to kickstart the discussion on crowdfunding and the pozible application of Income Tax and Goods and Services Tax (GST). Parties seeking crowdfunding generally adopt a donation based, rewards based, equity based or debt based model and there are generally three parties in a crowdfunding arrangement: the initiator of the project or venture (the ‘promoter’); the organisation providing [...]